I have been keeping tabs on USDCAD for a while, the pair respected the resistance at 4 Hours and now its on a downtrend. It follows UJ. There are two entries here, 1 you can wait for pull back at 15 minutes and enter sl or wait for trend line to be broken.
Gj has been consolidating on the daily chart. The pair is in level 3 and we expect the pair to sell. From the chart we have strong support and we will initiate a sell when the pair breaks the trendline. Initiate trade on 15 minutes chart to reduce retracement. The stoploss -50 pips with take profit 1 of 50 pips tp2 -147.435 tp3-143.766
For quite a while the pair has been selling and now on the daily chart, the pair has shown divergence giving a potential buying opportunity. The pair also has broken the trend line at 4 hours chart indicating the pair is ready for potential long. The entry for this trade is through 15 minutes chart, wait for a pullback and enter the trade long for Take profit 1 50...
This trade has shown divergence on 4 hour chart which indicates the trade has started another trend. The pair did stop hunts since the beginning of this week but has now shown a good potential for a sale. Both the daily and 4 hour has shown bearish Gartley pattern with GBP strength weakening despite the potential possible good Brexit deal.
I have outlined my personal views on this trade, the trade has a possible short potential. If it breaks the trendline, wait for pullback on 15minutes chart and enter a sell for 50 pips as tp1 and 100 pips for tp2. sl 50 pips
After reviewing the pair, the pair will sell following the trend line, set your tp1 30 pips from now and second tp2 50 pips. tight sl of 15 pips